Meet Slite
Slite, an AI-powered knowledge base solution, was founded in 2017 by Christophe Pasquier. Their platform is designed to automate the documentation and updating of company knowledge base. Today, they have 30 team members that operate in 13 different countries.
They have been fully remote from the onset. They have started recruiting outside of their initial hub (France) very soon in their journey, which came with a certain number of challenges when it came to incentivising their team members in different parts of the world.
Slite ๐
โ
๐ข Industry - Continuous Product Discovery Platform
๐ป Location - Fully remote (with a US holding)
๐จโ๐ฉโ๐ฆโ๐ฆ Team size - 30
๐ฐ Funding stage - Series A
๐
Founded in - 2017
๐ฑ HR/Legal Stack - Carta, Easop, Deel, BamboHR, Goodwin, Payfit
๏ผ Website - slite.comโ
How Slite started their equity compensation policy
Before adopting Easop, Christophe (Founder and CEO of Slite) and his team encountered numerous obstacles when it came to international equity grants.
They had to rely on external legal counsels for every stock option issuance, which not only resulted in substantial expenses ๐ฐ but also introduced delays โณ. Most of the time they had to promise stock options to their team members before actually being able to grant them. It took them sometimes 2 years before being able to grant the stock options they had promised at the time of hiring.
Moreover, tracking and reporting stock options across their global workforce was a tedious and costly process as the data was scattered across various spreadsheets.
This complexity created challenges for their compensation team and unease about potentially making mistakes.
โ
How Easop simplified their equity management
Equity grant workflow
With Easop, Christophe experienced a significant transformation. The platform's comprehensive equity grant workflow, including electronic board consent generation and signatures โ๏ธ, made their equity management process much clearer and efficient.
Now, there is only one day between the time they make the decision to offer equity to someone and the time at which the cap table is eventually updated after having receiving the necessary corporate approvals via a proper board consent. It is much faster than it used to, without taking any compliance shortcut.
Itโs also much cheaper compared to the traditional way of doing things (emails back-and-forth with lawyers with excel sheets in attachment, and manual cap table implementations).
Slite with Easop ๐
โ
๐งฎ Number of grants ย - 70
๐ Where the grantees are located - 12 countries
Equity compensation data of the company
All the company equity compensation data is now consolidated in a user-friendly dashboard ๐, eliminating the need for cumbersome spreadsheets and reducing the risk of errors. They felt much more confident when issuing stock options, whether to new employees or existing ones (refresher grants).
โ
Equity Grid feature ๐
The Equity Grid feature simplified both stock option allocation and management for promotions and top-ups ๐ผ๐ก
At Slite, everyone gets equity when they join and a refresher when they vested their first tranche. Changing position does not normally trigger a top up, but there might be exceptions for high performers to bring them up to the correct equity level.
โ
Users feedback
Grantees appreciate the FAQs and Tax and Reporting pages that are specific to their country of residence and work relationship. It is much more detailed and easier to understand than what they can get in Carta (which is usually more US oriented). The projections are also very much appreciated by the grantees that can visualize what might happen with their equity if things go well for the company.
Christophe and Angela, both equity administrator for Slite, particularly appreciates the intuitive user experience and the outstanding support provided by the Easop team. The platform's visually pleasing interface and clear dashboard design made equity management a breeze, he said ๐
Easop has been a game changer. Its seamless and cost-effective approach to equity compensation management has made a significant difference. Establishing an equity strategy from the outset is vital, and Easop takes away the stress and complexity, offering a smooth and efficient solution.
Christophe Pasquier, Founder and CEO at Slite โFor founders navigating the intricate world of global equity compensation, Easop emerges as a trusted partner, simplifying the process and enabling companies to focus on their growth. With Easop, managing stock options globally and internationally has never been easier or more efficient. Easop has transformed the way to handle stock options on a global scale.โ
๐ฃ If you'd like to learn more about how Easop could help your organization, request a call with our team.
โTry Easop
โ
โ
โ
.svg)